Japanese companies and investors would be forced to reassess their four-decade b...
) were encouraged by former Prime Minister Margaret Thatcher to use the country as a launchpad into Europe.
“If those conditions drastically change and make it impossible for companies to adapt, they will have to consider very carefully how they will go about continuing business here in the UK,” Japan’s ambassador to London, Koji Tsuruoka, told Reuters. More than three years of political squabbling over Brexit have left allies and investors puzzled by a country that for decades seemed a confident pillar of Western economic and political stability.
Tsuruoka said he was hoping for an orderly exit. Nearly 1,000 Japanese companies based in Britain employ more than 150,000 people. Car makers, the country’s biggest exporter of goods, has been one of the most vocal opponents of a no-deal Brexit, warning that production would be hit with tariffs, border delays and new bureaucracy, ruining the viability of many plants.
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